Premier Property Investments - Go Zone Investment

What do 9-11, Hurricane Katrina and Hurricane Andrew have in common?

Two out of the three created short term price corrections followed by a boom in economic activity. 9-11 and Hurricane Andrew turned out to be major buying opportunities for go zone investment & real estate investors

What do the New Orleans Riverfront, Hoboken and Jersey Riverfront, Dumbo and Brooklyn have in common?

The lesson to be learnt from Hoboken and these other towns is that no city develops just on one side of the river. These small towns benefitted tremendously over the past 10 years by virtue of proximity to New York City and have seen booming values. A similar unfolding of events is likely in New Orleans Condo market primarily because the U.S. government has a vested interest in ensuring that the port of New Orleans survives and commerce thrives in the area.

Why Invest in New Orleans?

The Port of New Orleans is the center of the world's busiest port complex. The New Orleans port complex is the busiest and largest port system in the world based on bulk tonnage.

Combined with the Port of South Louisiana, the New Orleans port complex is the largest port system in the world based on bulk tonnage

Panama recently began a $5.8 billion expansion of the Panama Canal, the direct traffic feed to New Orleans. The expansion will increase capacity and productivity and secure New Orleans as America's gateway to the world

The U.S. government has a vested interest in reviving the area of New Orleans as the Mississippi is the gateway to delivering goods to the Midwest and Eastern states

URGENT DEMAND FOR HOUSING IN NEW ORLEANS

There is currently a housing deficiency of 70,000 homes

As employment continues to grow, the deficiency will grow to over 100,000 homes this year
- Testimony to Committee on Financial Services, Feb 07

Population increased by 200,000 in the last 8 months in New Orleans and is continuing to grow

Over 1,000 people a day are commuting from surrounding areas due to the lack of housing

New Orleans population will double over the next decade (UNOP, Oct 28, 2006)

JOB CREATION & $100 MILLION FEDERAL INVESTMENT

The Federal and Local Government are investing approximately $100 billion dollars in New Orleans and the Gulf Coast States over the next 5 years.

Federal City - shown below bottom right - will create 10,000 jobs within the next 3 years

The project site is strategically located between the French Quarter, downtown and Federal City

Federal City is a government project with the goal of creating a state of the art facility that will attract thousands of federal and private sector workers during the next 3 years

Federal City is a multi million dollar project with expected infrastructure cost for phase one of $160 million

It will transform the 200 acre Naval Support Activity into a high tech advanced security campus of offices for federal and non federal tenants

It is also expected to have 10,000 employees within a few years, creating additional demand for housing

Go Zone Incentives Translate to Zero Cost of Ownership

Simply put, the Go Zone or Gulf Opportunity Zone Act allows for real estate investors to purchase residential investment property and depreciate Half the property value less land in the first year.

Why the incentive? Primarily because the U.S. needs a functioning and healthy Gulf region due to the importance of the region's ports and recreational offerings.

The "GO Zone Act" was created after Hurricane Katrina to assure the rebuilding of New Orleans because of its strategic importance to the economy of the United States

It was signed into law by President Bush on Dec 2005 and expires Dec 2010

Job growth in New Orleans Go Zone is growing 7% a year compared to 1.5% nationally, nearly 5x the national average

Sample Incentive Analysis

Purchase Price $350,000
10% Deposit $35,000

Amount eligible for Go Zone $170,000
Tax Benefit $55,000

Net Cash Impact : $20,000 Net Benefit

Rental Information

The 2 bedroom layouts are designed as split layouts, perfect for rentals

Rental Rates in New Orleans downtown area $1750 - 2000 per mo

Analysts estimate that apartment rent growth will range from 8 to 10 percent in 2007

Opportunity Knocks - New Orleans Go Zone Housing Equation

New Jobs Lead to More People

More People Creates Demand For Housing. More Demand = Higher Prices. Put Yourself On The Path of Strong Real Estate Fundamentals, Invest in New Orleans Go Zone.

COMMUNITY INFORMATION

The project site consists of 14 acres of prime waterfront on the Mississippi directly across from Downtown New Orleans and the French Quarter.

Downtown is a 10 minute ferry ride away.

A waterfront promenade, walkway, restaurants and cafes are planned alongside the condominium units.

All residences will have panoramic river and city light views. This project is located on the highest and driest part of the city .

RESIDENCE FEATURES:
* Energy efficient water heater
* Tiled foyer & wall-to-wall carpet
* Telephone jacks in kitchen and bedrooms
* Living room & bedrooms pre-wired for cable television
* Hook-ups for washer & dryer

AMENITIES:

* State-of-the-art Fitness Center
* Covered Parking
* Clubhouse
* Pool & Spa
* Restaurants, Cafes on site

	2 b/2 ba	Amenities
Pricing	$327,000 & up	Pool, Spa
Square Feet	730 - 1206 sq ft	Fitness Ctr
Rents	$1800 - 2000	Clubhouse, Bar
HOA	$.35 psf	Restaurant

Reservation, Contract, Financing & Property Management

Contact Agent for additional investment details